Minimum Quantity is the least quantity of an item, product, or service that a business needs to acquire in order to satisfy customer needs and remain competitive in the marketplace. Put simply, it’s the minimum amount required in order to ensure that a business has the right amount of stock on hand at any given time. The concept of Minimum Quantity helps businesses save money, since they can purchase larger amounts of items without worrying about having too much sitting around. By understanding their Minimum Quantity requirements, businesses can also ensure they have enough inventory on hand to meet customer demand, avoiding costly backorders and lost sales.